BitMart cryptocurrency exchange announced shutdown citing market conditions and strategic direction, following BitMEX's recent closure.

Regulation & Gov · 2026-07-27

BitMart announced plans to close its trading platform after nine years of operation, with all trading halting August 26 and formal shutdown occurring January 31, 2027. The exchange's BMX token fell 81% over the prior week to $0.057, reducing its market value to $19.6 million. BitMart's departure marks the second major exchange to declare closure within days, following BitMEX's announcement to shutter after 11 years, as the sector undergoes consolidation amid challenging operating conditions and market pressures.

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